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| | | The $10 billion industry superannuation fund has issued a notice to members detailing changes to investment fees, admin fees, insurance premiums and investment objectives. Statewide Super has revised its long term investment objectives for high growth ... |
| | | | ... highest current satisfaction rating among Australia's super funds, despite well-publicised issues following an administrator switch. According to February data from Roy Morgan's Superannuation Satisfaction Report, the industry fund improved its customer ... |
| | | | The chief executive of the nation's largest super fund has written to members reassuring them that their super will be safer staying with the fund. AustralianSuper chief executive Ian Silk said during this unprecedented time, members should refrain ... |
| | | | The chair of IMAP does not expect a major overhaul of the managed accounts space when ASIC's focus returns to the MDA review. Earlier this week, ASIC announced the MDA review is being put on hold, after "recalibrating" its regulatory priorities as it ... |
| | | | Latest analysis of Australia's superannuation industry shows COVID-19 may prove the catalyst for small superannuation funds to finally pull the trigger and merge. Rice Warner believes the turmoil experienced across financial services will soon force ... |
| | | | ... wouldn't undermine the system," Davis said. To achieve this, Davis said super funds would need to allow members to switch their accounts into "drawdown mode" similar to the accounts used by pensioners. The ATO would need to be notified of members ... |
| | | | ... significantly less than the 8% decline in the ASX200," Lucas said. "This was assisted by the increased propensity of customers to switch between portfolios, for example, from aggressive to conservative, instead of withdrawing their funds, reflecting ... |
| | | | HUB24's new head of managed portfolios has hit the ground running, securing the exclusive launch of Milliman's first range of managed accounts. Former Partners Wealth Group general manager Brett Mennie has joined HUB24 as the platform's head of managed ... |
| | | | HUB24 is owed about $4 million by Sargon subsidiaries, joining the group's other secured creditors OneVue, Westpac and Taiping Trustees. The eight companies, which include businesses like Diversa Trustees and CCSL, collectively have about $154 million ... |
| | | | Ariel Investments chief investment officer Rupal J. Bhansali shared her contrarian views on ESG investing and why Phillip Morris International makes the cut. "Because we are risk aware managers we are going to be ESG aware," Bhansali said. "We believe ... |
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